因此我买进了一些市政债券基金,较之美国国债,其收益率仍处于不寻常的高位。
As a result, I've bought some municipal-bond funds, whose yields remain unusually high compared with U.S. Treasurys.
更为糟糕的是,在这个月,债券市场中两个很少引起关注但是很重要的部分崩溃了,并且人们担心下一个可能是封闭式市政债券基金。
Worse, two little-noticed but important bits of the market have imploded this month, and there are fears for a third, known as closed-end municipal-bond funds.
因为继美国国债评级下调之后,预计标普会降低这些市政债券的评级,尤其是那些拥有庞大联邦基金的州。
That's because S&P is expected to follow its U.S. downgrade with cuts in ratings of some muni bond issuers, particularly states that get significant amounts of federal funding.
本周,最大的基金管理公司新兴市场债券基金,购买了15亿美国市政债券,其效益随着危机扩散而暴增。
This week PIMCO, a big fund manager, bought $1.5 billion of American municipal bonds, where yields have jumped as the crisis spread.
本周,最大的基金管理公司新兴市场债券基金,购买了15亿美国市政债券,其效益随着危机扩散而暴增。
This week PIMCO, a big fund manager, bought $1.5 billion of American municipal bonds, where yields have jumped as the crisis spread.
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